Liability

Commercial General Liability Insurance

Your company’s commercial liability risks depend largely on the type of business and the services you perform, and knowing which levels of protection are necessary can be difficult to decipher on your own.  No matter what your industry, a Fullhart Insurance Agent can not only assist you in determining the appropriate coverages to safeguard your investments and enable your business to continue to thrive, but can also advise on how to reduce your risks and keep your insurance claims down. 

Commercial General Liability Insurance

Commercial General liability insurance is a broad commercial policy that covers general liability exposures of a business. Coverage typically includes product liability, completed operations, premises and operations, and personal and advertising injury. We recommend that all businesses operating have general liability coverage in place.

Business Owners Policy (BOP)

BOP is a business insurance policy that combines property, liability, and business interruption coverages for small to medium-sized businesses. This packaged set of coverages is generally less expensive than if each coverage was purchased separately. A BOP is typically available to businesses and industries that are viewed as having relatively low liability exposures.

Professional Liability Errors and Omissions (E&O) Insurance

E&O covers professionals for negligence and errors or omissions that financially injure their clients. In addition to licensed professionals such as accountants, attorneys, insurance agents, architects, and engineers, technology companies frequently have a professional liability exposure. This typically arises from the fact that the general liability policy excludes damage to data. Technology E&O can protect your company in the event that your negligence, error, or omission causes damage to a third party’s data.

Umbrella (Extended Liability) Insurance

This business insurance policy provides coverage for losses above the limit of an underlying policy or policies such as general liability, employers liability, and automobile liability.

Employment Practices Liability Insurance (EPLI)

EPLI for employers covers employment-related liabilities other than on-the-job injuries. EPLI covers legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights.

Directors and Officers Liability (D&O) Insurance

D&O insurance covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in lawsuits.  There are a variety of D&O coverages.  Corporate reimbursement coverage indemnifies directors and officers of the organization.  Side-A coverage provides D&O coverage for personal liability when directors and officers are not indemnified by the firm.  Entity coverage, for claims made specifically against the company, is also available. D&O policies may be broadened to include coverage for employment practices liability.